50% retrace of 12 month high low here. Next move important.
Looks to have broken the falling trendline and is up and out of 1.10. You may want to wait for 1.102 for confirmation - prior high but above that there should be a clear run to 1.10500 which is the top of the 3rd quartile on the pitchfork - i.e. The rising channel.
Retaken the rising trendline which was recently lost. Not yet consolidated above it, but there looks strength here to push back towards the $17 region where I think we will see some resistance from that Fib line.
Stopped at 200DMA & 50% retrace of last high/low. I think this will drop back a little from here now.
Extremely similar break above the 50DMA and backtest to the Jul-Sept 16 period where the price doubled. Exciting news period for the company approaching.
I like the set-up here. Fundamentals will have a say though & lots of long-term overhead resistance.
Rising into the channel but plenty of overhead resstance
Big sell off here on Friday created lots of long covering, however: A) the sell off was late B) exchanges are open 24h so all over the weekend & main market leveraged positions are not Further selling this weekend (which is already taking place) will leed to more longs being blown when the main markets reopen on Sunday afternoon I believe. We've not had a retest...
Looks like there is a very clear 6p bottom on this chart repeatedly tested. The RSI appears to be gaining some upward momentum suggesting to me it's going to have another go at breaking out of the consolidation zone in the blue box. All the resistance is in this box - initially the 20DMA at 6.5p which I'd consider a bullish break if passed, right up to the 200DMA...
Clear bull and bear cases for this one. I like the bull side, for me this has never fully retraced satisfactorily from the r cent highs and gained consolidation strength. The 50% Fib level does look like a real pivot level but it has been tested aggressively twice now and found buyers sub 7.5p. Possibility of a larger background sell in my view too.
Top of my channel & 161% Fib extension close to being hit. Watch next directional move closely.
Strong reversal yesterday which could continue to push this pair higher as a moderate correction to the clear downtrend. Operating clearly in a channel but hitting the channel floor and Fib retracement simultaneously triggered this technical move back up which will complete at the top of the next Fib and channel lines overhead. Then should be a bigger short down...
Hit 1.272% extension of Dec 16 high to Jan 17 low sequence. Falling oil prices helping the push. Retraced down to and found support at bottom of channel at 1.365. Suspect we will see another push up from here but watch WTI price - will help or hinder.
French election weekend. Price just hit 1.10 Friday night - but barely. Getting the sense all the upside is already baked in.
Great set-up. Cup & Handle. Big extension.
A double bottom off the 23.6% Fib line might be a decent looking long entry.
Looks to have fallen below the neckline. This move has failed before, however this time On the 60 minute chart we have a symmetrical triangle. This should break in the direction of travel i.e. Down.
Placed right on the 50% retrace line. I see this as the key pivot area. Double bottom forms a distinct W shape once complete -- 460 target.